Upstream news
Eni and Total partner with Sonatrach for offshore exploration in Algeria
The companies signed two agreements which include an exclusive partnership for offshore exploration in Algeria in a virtually unexplored geological province.
Claxton to support MOL Norge’s first well programme on the Norwegian Continental Shelf
The award is through Ross Offshore Well Management AS, which Claxton will support with equipment delivery.
Wellesley announces successful appraisal of Grosbeak Discovery in Northern North Sea
Wells 35/11-21S and 35/11-21A were drilled in production licence Pl248I where Wellesley holds a 60% operated interest.
Equinor: new oil discovery in the Johan Castberg licence
The company, and partners ENI and Petoro, have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable bbls.
Cue Energy: conditional agreement for WA-359-P joint venture and Ironbark exploration well funding
The company has announced that its 100% subsidiary Cue Exploration Pty Ltd, has executed an agreement with BP, Beach Energy Limited and New Zealand Oil & Gas.
CNOOC Limited announces key operational statistics for the third quarter of 2018
During the period, the company made four new discoveries and drilled fourteen successful appraisal wells.
Ulterra announces Blackstone Energy Partners investment
The company has announced that Blackstone Energy Partners has entered into binding agreements to acquire a controlling, majority interest in Ulterra from affiliates of American Securities LLC.
Fugro supports Qatargas’ offshore operations with inspection services contract
The company will provide Qatargas with underwater inspection, geotechnical and geophysical services for its offshore operations in Qatar under a new 5-year call off contract.
Weir Oil & Gas Pressure Control Dubai secures three-year contract for in-country wellhead equipment
The company will provide in-country wellhead equipment and services to Abu Dhabi National Oil Company Onshore from its API 6A manufacturing plant in Dubai.
GlobalData: energy companies set to spend US$43.1 billion on new projects in the North Sea from 2018-2025
GlobalData’s latest report reveals that a total of 67 crude and natural gas projects by four countries operating in the North Sea are expected to start operations during 2018-2025.